The Globe and Mail reports in its Tuesday, Aug. 1, edition that RBC Capital Markets analyst Walter Spracklin has reaffirmed his "outperform" recommendation for Canadian Pacific Kansas City. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Spracklin's share target soared by $9 to $133. Mr. Spracklin says in a note: "While Q2 results were particularly weak, management's move to maintain their guidance implies quite a significant inflection in H2 -- a move we consider to be very bullish. Key is that management commentary from the call suggests to us that the guidance is predicated on yet to be announced contracts, and is therefore less dependent on macro headwinds affecting peers." The Globe reported on June 21 that Mr. Spracklin had reiterated his "outperform" call on CPKC. In the item he said, "Our positive view on CP centers on a best-in-class railroad ahead of a transformative acquisition, which we believe will set the stage for significant growth and a material upward valuation rerate." The shares could then be had for $102.59. The Globe reported on July 28 that ATB Capital analyst Chris Murray maintained CPKC at "outperform" when it was worth $109.93.